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Quote of the Day: How’s This for CFO Optimism? | 03.03.10

Posted on March 4, 2010 by Caleb Newquist

“I’m encouraged by the fact that things are at least not getting worse.”

~ Gayle Anderson, CFO of Match.com, on the economy.

Posted in CFOs, Quote of the DayTagged CFOs, Gayle Anderson, Quote of the Day

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Previous: Imprisoned Ex-KPMG Partner Sentenced to 57 Months for Defrauding IRS
Next: Accounting News Roundup: SEC Official Explains His Porn Habits; Private Companies May Embrace IFRS Quicker; New Bill Would Ax Tax Tardy Fed Employees | 03.04.10

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Your CFO Might Be Clueless about How IFRS Will Affect Your Company

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accountant.jpgIn some very comforting news, CFO’s in a recent poll said they’re unsure about how at transition to IFRS would affect their company.
More scary stats include 8% of those surveyed said that they are “very familiar” with how their company will be affected and 43% said they were not familiar at all. So what does all of this IFRS ignorance mean?
Check out the list after the jump


A) Lots of CFO’s don’t give a rat crap
2) Lots of CFO’s don’t really believe IFRS will come to the States
D) Lots of CFO’s need to work on their qualifications
The obtuseness may work out though. At the pace the conversion debate is going, by the time the conversion gets done we’ll all be dead.
Survey: CFOs unsure how international rules will affect U.S. business [DBJ]

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The Department of Justice trumpeted the guilty plea of Delton de Armas, the former CFO […]

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MySpace, Trying to Remain Relevant, Hires a CFO

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Thumbnail image for panic.jpgMaybe it won’t help but at least they hired one. There may be something to the strategy of not having a CFO but we’ll be damned if know what that is. Hey, if you’re making money hand over fist and getting the checks cut on time, who gives a damn, right?
Unfortunately for MySpace, their ever-shrinking market share has maybe gotten to the point where some semblance of a financial strategy may be necessary. Enter Mark Rosenbaum who will surely help turn this ship around. Or maybe not, who knows. Good luck man.
MySpace Hires Finance Chief [WSJ]

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